Apple iPhone 8 To Sell For This Ungodly Price

Apple is finally slated to reveal the highly-anticipated deluxe anniversary iPhone on September 12th, and you will want to buy it immediately — but the sticker price could wind up dampening your excitement for the phone's next-gen features.

Rumors claim the iPhone 8 (or Edition or X, depending on who you trust) will be much more expensive than any of its predecessors, pushing the starting cost up to at least the $1,000 mark. That means the top-of-the-line model will cost a whopping $1,200 which is tantamount to N433,000 for anyone who wants more than just the basic level of storage on their deluxe device. Leaker Benjamin Geskin tweeted out a pricing tier for the new iPhones, citing information from a friend who has a friend at Apple.

The sourcing sounds sketchy, but Geskin is far from the first to suggest that the next iPhone will cost more than $1,000. Apple insider John Gruber suggested the deluxe new device would debut at the price point back in July, speculating that Apple could justify the cost by showcasing next-level tech that will be common in future iPhones in a premium device today.

A New York Times report also backed the idea of a starting price "around $999," for the iPhone, citing anonymous sources who had been briefed on the device. That's a much more reliable report than just the whispers of friend of a friend — but others aren't so convinced that Apple will ask such a high price for a phone.

UBS analysts Steven Milunovich and Benjamim Wilson wrote in an investors note that they "questioned the logic" of Apple putting such a premium on an iPhone. They claim instead that the company will roll out the deluxe device at a $900 starting point for a 64GB model, with a 256GB version eclipsing the $1,000 mark.

The analysts also noted that Apple typically takes some cues from its competitors, and with Samsung's latest offerings starting well under $1,000 — the new Galaxy Note 8 starts at $930 unlocked — there's little incentive for Apple to set the bar any higher.

None of these projections questioned the features expected in the deluxe iPhone, which include a new edge-to-edge OLED display, a nearly bezel-free screen with no home button, and a new sensor system for facial recognition. Speculation over the price of the iPhone is nothing new for the rumor cycle, with reports flying about the extra costs for as long as there have been rumors about a new OLED screen. Now that we're a week away from the big reveal, however, those projected costs are all the more pressing, since we're finally closer to getting a shot to put down the cash for one of our own.